Fantasy Stock Gaming Application TradingLeagues Secures $3.5 Million in Funding.
Explore the groundbreaking funding success of TradingLeagues, a Bengaluru-based fantasy stock gaming application, and delve into how their innovative platform is reshaping the way users engage with financial markets through gamification.
Bengaluru-based fantasy stock gaming application, TradingLeagues, has successfully raised $3.5 million in a pre-Series A funding round led by Leo Capital. Notable investors, including the Jeejeebhoy Family Office and the family office of KP Balaraj (Co-founder of Sequoia India and Westbridge Capital), also participated in the funding round.
TradingLeagues aims to revolutionize the way users engage with financial markets by offering a fantasy gaming app that allows individuals to experience stock trading without the need for a brokerage account. Co-founded by Raghu Kumar and Harsh Agarwal, the platform, operated by Rain Platforms Inc, offers both free and paid fantasy trading leagues where users can test predictions, develop investment strategies, and refine their stock market skills.
Harsh Agarwal, Co-founder of TradingLeagues, emphasized the importance of incorporating gaming elements into the app to create an intuitive and user-friendly experience. He stated, “We built TradingLeagues as a fantasy gaming app, first and foremost since it was important to retain traditional gaming elements while introducing users to the financial markets. Existing gamers find our app easy to use since the focus has been to build a highly intuitive user experience. Our near-term goal is to make the app more robust and introduce various exciting product features, which our users have been asking for.”
With a focus on Indian and US stocks, as well as the crypto market, TradingLeagues aims to redefine how individuals interact with the financial market through gamification. The platform has already garnered 750,000 users and witnessed over 50 million games played since its launch. Moreover, TradingLeagues has plans to expand its operations to the US market within the next 12-18 months.
Raghu Kumar, Co-founder of TradingLeagues, outlined the startup’s future plans, stating that currently, they are focused on the Indian market. However, once the Series A funding round is completed, TradingLeagues intends to obtain the necessary licenses and launch the app in the US and other markets. This expansion will transform TradingLeagues into a cross-border platform, enabling global users to compete against each other in a real-money gaming environment.
Rajul Garg, Founder and Managing Partner at Leo Capital, expressed confidence in TradingLeagues’ growth potential, particularly in light of recent online gaming regulations. Garg stated, “The recent online gaming regulations have increased investor confidence in the market, and we believe the market is ripe for growth. TradingLeagues has a strong founding team and business fundamentals. It has the potential to help Indians experience India’s trillion-dollar financial markets.”
With this latest funding round, TradingLeagues is well-positioned to amplify its user community, enhance the user experience, and solidify its position as a trailblazer in the realm of fantasy stock gaming applications. As the startup continues to expand its reach and prepare for entry into new markets, it is poised to unlock the vast potential of gamified financial experiences, paving the way for individuals to engage with India’s trillion-dollar financial markets like never before.
